Annual report pursuant to Section 13 and 15(d)

Condensed Parent Company Financial Information (Details 1)

v3.6.0.2
Condensed Parent Company Financial Information (Details 1) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Condensed Income Statements, Captions [Line Items]                      
Revenue $ 13,153 $ 1,169 $ 2,104 $ 4,115 $ 13,972 $ 2,741 $ 15,254 $ 28,733 $ 20,540,769 $ 60,700,190 $ 233,427,011
Cost of revenue                 29,328,776 63,476,627 155,840,823
Operating expenses:                      
General and administrative                 3,969,465 2,933,588 4,537,351
Total operating expenses                 5,204,962 4,792,275 7,210,564
Loss from operations                 (13,992,969) (7,568,712) 70,375,624
Other (expense) income                 (683,358) 27,127,114 15,385,081
Net (loss) income 9,223 (13,899) (4,522) (5,479) (9,792) 22,518 (1,584) 8,416 (14,677,311) 19,558,402 85,760,705
Less: net income attributable to the non-controlling interest                 (959,688) 1,205,485
Net (loss) income attributable to owners of the company $ 8,430 $ (12,823) $ (4,225) $ (5,100) $ (9,072) $ 20,684 $ (1,482) $ 8,223 (13,717,623) 18,352,917 85,760,705
Parent [Member]                      
Condensed Income Statements, Captions [Line Items]                      
Revenue                
Cost of revenue                
Operating expenses:                      
General and administrative                 (2,456,219) (2,074,964) (1,899,368)
Total operating expenses                 (2,456,219) (2,074,964) (1,899,368)
Loss from operations                 (2,456,219) (2,074,964) (1,899,368)
Other (expense) income                 (542) (593) 82,855
Loss attributable to parent only                 (2,456,761) (2,075,557) (1,816,513)
Equity in (loss) income of subsidiaries and VIEs                 (12,220,550) 21,633,959 87,577,218
Net (loss) income                 (14,677,311) 19,558,402 85,760,705
Less: net income attributable to the non-controlling interest                 (959,688) 1,205,485
Net (loss) income attributable to owners of the company                 $ (13,717,623) $ 18,352,917 $ 85,760,705